Page 183 - Ebook HTKH 2024

In studies on circular economy models, the circular economy model is
implemented based on nine fundamental principles, also known as the 9R Framework,

which include Refuse, Rethink, Reduce, Reuse, Repair, Refurbish, Remanufacture,
Repurpose, Recycle, and Recover (Charter & Gray, 2008; Ferguson & Souza, 2010;
Jawahir & Bradley, 2016; Potting, Hekkert, Worrell, & Hanemaaijer, 2017; Den
Hollander, Bakker, & Hultink, 2017; Morseletto, 2020).
Figure 4. The Nine Fundamental Principles of the Circular Economy

Source: Potting, Hekkert, Worrell, & Hanemaaijer, 2017
3. Typical Circular Economy Models in Vietnam

3.1. Circular Economy Model of Vietnam Dairy Products Joint Stock Company
(Vinamilk)
With a well-structured and effective sustainable development strategy,
contributing significantly to the community and the environment, Vietnam Dairy
Products Joint Stock Company has been honored to be selected as a Sustainable
Enterprise for the 7th consecutive time at the Vietnam Sustainable Enterprise
Announcement Ceremony (CSI) in 2022. Notably, Vinamilk is also among the Top 5
enterprises recognized as "Enterprises effectively implementing the circular economy

model, responding to climate change."
Vinamilk's circular economy model consists of three main components as follows:
(1) Transforming waste into resources
All waste from cow manure is reused within the company for various purposes.
Renewable energy from Biogas is utilized on the farm for boiling water, drying towels
and clothes, and drying hay.

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